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In The Works: Scorsese and DiCaprio Take 5, Penn Eyes Iñárritu’s ‘Red Flag,’ Canet’s Impressive Cast & O’Connor’s ‘Neverland’

In The Works: Scorsese and DiCaprio Take 5, Penn Eyes Iñárritu's 'Red Flag,' Canet's Impressive Cast & O'Connor's 'Neverland'

Martin Scorsese and his muse, Leonardo DiCaprio, will team for the fifth time with “The Wolf of Wall Street”; Sean Penn eyes Alejandro González Iñárritu’s true crime story; French actor-writer-director Guillaume Canet lines up a star-packed cast for his own crime adaptation; and “Warrior” director Gavin O’Connor heads to “Neverland.” Details below:

– The screen adaptation of Jordon Belfort’s memoir, “The Wolf of Wall Street,” adapted by “The Sopranos” and “Boardwalk Empire” scribe Terry Winter, follows a head stockbroker (DiCaprio) as he leads his team in coaching clients to purchase the stocks that fund their own extravagant lives–until they get caught. The book’s substitle: “Stock market multimillionaire at 26, federal convict at 36.” Scorsese was originally attached, was replaced by Ridley Scott, and then came back on board. Red Granite Pictures (Wall St vets Riza Aziz and Joey McFarland) is financing, with Scorsese and DiCaprio among the producers. ThePlaylist has more project history. Scorsese and DiCaprio’s last collaboration “Shutter Island” was a disappointment after their Oscar-winning “The Departed.”  Scorsese may be coming off a good Oscar night with five “Hugo” statuettes, but while DiCaprio was lauded for his performance as J. Edgar Hoover in Clint Eastwood’s biopic, the film flopped. DiCaprio just wrapped Baz Luhrmann’s ambitious 3-D “The Great Gatsby,” which could go either way.

– Vulture explains why DiCaprio’s commitment to “Wolf” took so long, and reveals that Penn is eying the lead role in Gonzalez Iñárritu’s adaptation of Jennifer Vogel’s “Flim-Flam Man: The True Story Of My Father’s Counterfeit Life,” which has (thankfully) been given the new title “Red Flag” and is set up at New Regency. Penn would play a real-life fraudster-addict-arsenist and counterfeiter of more than $20 million. Penn just wrapped star-packed “Gangster Squad” (out in October) and is prepping “The Comedian” with Kristen Wiig and Robert De Niro.

– Guillaume Canet has lined up a fine cast of Clive Owen, Billy Crudup, Marion Cotillard, Mila Kunis, James Caan and Zoe Saldana for “Blood Ties,” a CAA package. Icing the cake: “Bullhead”‘s Belgian star Matthias Schoenaerts (who was recently signed to CAA) may accept an offer to join the cast. “Blood Ties” is based on the French thriller “Les liens du sang”; Canet and James Gray are adapting the story of two brothers: younger (Crudup) has to ask the elder (Owen), a convict, to get back into the underworld in order to help their family. Cotillard and Kunis play their lady loves.

Cotillard is married to Canet; they’ve worked together infrequently (2009’s “The Last Flight” and 2010’s “Little White Lies”) as she has stolen the show in “Nine,” “Inception” and “Midnight in Paris” and was underused in Soderbergh’s “Contagion” ensemble. Here’s hoping she pops in “The Dark Night Rises” in July.

– Gavin O’Connor (“Warrior”) will direct the revisionist Peter Pan tale “Neverland” for Sony, with Channing Tatum lined up as a producer. The adaptation by Billy Ray focuses on Captain Hook who is tasked to find child-abductor Peter Pan. It’s not a new idea, explains ThePlaylist. O’Connor and Peter Pan doesn’t sound nearly as promising as Guillermo del Toro and “Pan,” which seems to have fallen by the wayside.

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